Investor ‘Risk-Seeking Mission’ Courts Failure: Chart of Day

U.S. investors are on “an incredible risk-seeking mission” that belies a still-shaky economy and financial system, according to Gina Martin Adams, a strategist at Wells Fargo Securities LLC.

The CHART OF THE DAY shows the Ted spread, a widely followed risk indicator, dropped last week to its lowest level since 2004. This gauge tracks the difference between rates that banks and the U.S. Treasury pay to borrow for three months. A narrower spread reflects greater confidence in U.S. assets...

Bloomberg: Investor ‘Risk-Seeking Mission’ Courts Failure: Chart of Day
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